Consolidated statement of financial position

as at 31 December 2020

Millions of US Dollars

Notes 2020 2019
ASSETS
Non-current assets 14,109 14,354
Property, plant and equipment 11 13,068 12,310
Right-of-use assets 12 591 1,647
Deferred tax assets 27 246 132
Goodwill 78 78
Derivative financial assets 16 21 87
Other assets 13 105 100
Current assets 1,925 2,245
Trade accounts and other receivables 14 822 981
Inventories 15 704 767
Prepaid and recoverable taxes 17 183 265
Derivative financial assets 16 33 55
Cash and cash equivalents 18 183 177
Total assets 16,034 16,599
EQUITY AND LIABILITIES
Equity 5,054 5,603
Share capital 19
Share premium 104 104
Revaluation reserve 5,267 4,866
Hedging reserve (340) 117
Translation reserve (2,110) (1,747)
Retained earnings 2,016 2,088
Attributable to ordinary shareholders of the parent 4,937 5,428
Non-controlling interests 117 175
Non-current liabilities 7,900 7,795
Long-term borrowings 21 5,270 4,939
Long-term lease liabilities 22 470 999
Deferred tax liabilities 27 1,510 1,481
Derivative financial liabilities 16 314 5
Other liabilities 24 336 371
Current liabilities 3,080 3,201
Short-term borrowings 21 1,732 1,799
Short-term lease liabilities 22 147 225
Trade accounts and other payables 25 915 1,003
Derivative financial liabilities 16 102 7
Taxes payable 26 184 167
Total shareholders’ equity and liabilities 16,034 16,599

The comparative consolidated statement of financial position as at 31 December 2019 has been restated for the effect of the acquisition under common control described in note 33.

The accompanying notes are an integral part of these consolidated financial statements.